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SCOR’s net income falls to EUR 286 mn in 2017, Gross premiums touch EUR 14,789 million, up 8.6 pc in 2017

by AIP Online Bureau | Feb 22, 2018 | International News, Reinsurance

Paris: The net profit of French reinsurer SCOR at EUR 286 million in 2017 fell almost by 50 per cent from € 603 million in 2016 due to the cost of the nat cat events which occurred in the third and fourth quarters.   The reinsurer's gross written...

Global cybercrime costs $600 bn annually: study

by AIP Online Bureau | Feb 22, 2018 | Articles

The annual cost of cybercrime has hit $600 billion worldwide, fueled by growing sophistication of hackers and proliferation of criminal marketplaces and cryptocurrencies, researchers said Wednesday.   A report by the security firm McAfee with the Center for...

Indian companies lost $500,000 to cyber attacks in 1.5 years: CISCO

by AIP Online Bureau | Feb 21, 2018 | Indian News

NEW DELHI: Cyber attacks in the country caused financial damages to the tune of about USD 500,000 to India companies in the last 12-18 months, says a study.    "…more than half of all attacks resulted in financial damages of more than USD 500,000,...

EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17

by AIP Online Bureau | Feb 21, 2018 | Indian News, Pension & Social Security

New Delhi: Retirement fund body EPFO today lowered the rate of interest on employees provident fund to 8.55 per cent for its over 6-crore subscribers for 2017-18, from 8.65 per cent in the previous fiscal.   "It is difficult to evaluate about future in view...

Premium On Mega Healthcare Scheme To Be Rs. 900-1,000: NITI

by AIP Online Bureau | Feb 21, 2018 | Health, Indian News

New Delhi: Government's premium on insurance cover of Rs. 5 lakh for every eligible household under the new National Health Protection Scheme (NHPS) would be around Rs. 900-1000 per family annually, lower than the earlier estimate of Rs. 1000-1,200, a senior NITI...
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